Word: buyer
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Dates: during 2000-2009
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...sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most," says Larry Gottlieb, a bankruptcy lawyer at Cooley Godward Kronish. (Read "Why Circuit City Busted, While Best Buy Boomed...
...would like to own the Citigroup name? It could probably be auctioned off to a lot of healthy local banks. It might even find a buyer in Asia or the Middle East, until, that is, their banks start to fail...
...Monday, Indian newspapers reported that the board may appoint investment banks to explore the possibility of finding a buyer for Satyam. Since then, board member Tarun Das has said the company was approached by a potential buyer. Board members insist the company has solid cash flow and can continue. Yet with fresh revelations about Raju's alleged malfeasance surfacing every day - the latest, that he deleted all his e-mails from his final month as CEO - there are fears that the company's liabilities may be so high that it may be forced to fold...
...collector but a publisher of newsletters. ("Swine Flu Litigation Reporter" was one of them.) He was also a greeting-card manufacturer who had secured all reproduction rights to the Helga pictures. After the publicity storm had been whipped to a peak, he sold the whole bunch to a Japanese buyer for a reported $45 million. At that point, Wyeth found it prudent to come forward to say there had never been a sexual relationship between him and his model, and his wife announced that actually she had seen some of the pictures before, though not most of them...
...Internet. On Sixty Days, different journalists, including managing editor David McCumber, are covering the P-I's two-month drain circle day by day. The blog has brief historical stories about the paper, the video of Swartz's fateful announcement and accounts of McCumber's attempts to find a buyer and handle editorial meetings. All of which means that the closest account of the paper's death walk will be delivered via the instrument that partly brought it about. (Read "Do Newspapers Have a Future...